Ivz asx

Invictus Energy Ltd is an Australia-based independent oil and gas exploration company focused on ivz asx energy resources in sub-Saharan Africa. Its asset portfolio consists of a prospective portion of the Cabora Bassa Basin in Zimbabwe.

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Ivz asx

It will also aim to test the Post Dande horizon away from the major east-west fault on the southern flank. Read more. The project includes the Mukuyu structure, which was drilled in late , confirming a working hydrocarbon system in the Cabora Bassa Basin and de-risking other exploration prospects along the Central Fairway Play. Invictus is currently preparing to drill an appraisal well on the Mukuyu structure, targeting multiple hydrocarbon gas-condensate and potentially light oil bearing intervals and to test the deeper potential not encountered in the initial exploration campaign due to it being thicker than pre-drill estimates. Mukuyu-2 will be designed to allow for flow testing to confirm reservoir deliverability and connectivity, following a successful discovery. In addition to the Central Fairway Play, Invictus has identified a portfolio of exploration prospects in the Basin Margin Play, estimated to hold a combined 1. Our exploration area lies within communal and state land, away from fragile ecosystems, major rivers, National Parks and wildlife. The Project has a nationally approved, independently conducted Environmental Impact Assessment. This has considered all social and environmental aspects and provides us a clear framework to operate. All cultural obligations have been met and will be observed going forward.

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This data is anonymous - we do not track your personal information without your consent. IVZ is a gas exploration company drilling one of the largest un-tested gas prospects in Zimbabwe. Natural Gas demand in Africa to replace existing coal and oil energy generation. As governments around the world look to phase out ageing coal-generation, gas will play a critical role in providing a green and more cost-effective alternative to base-load energy generation. While a large part of our macro focus was on the domestic continental need for gas, in we also saw a worldwide supply crisis break out after Russia invaded Ukraine.

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Ivz asx

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ESG Investing. Our research. Drilling starts. Objective 4: This is the most important: We want to see the first drill. Actions Add to watchlist Add to portfolio Add an alert. IVZ declares a Discovery! Emerging Market Equity Funds. There is also a possibility IVZ looks to bring in an offtake partner for the project which may help with future funding rounds. Load More. Sign up for latest news No spam. Use our equities screener to discover other potential opportunities.

It will also aim to test the Post Dande horizon away from the major east-west fault on the southern flank. Read more. The project includes the Mukuyu structure, which was drilled in late , confirming a working hydrocarbon system in the Cabora Bassa Basin and de-risking other exploration prospects along the Central Fairway Play.

To access these valuable tools and see the full perspective, subscribe now. We think this is still a key part of the IVZ story. Capital raise 1. Show more US link US. Morningstar Investor users sign in here. Invictus Energy Managing Director Scott Macmillan provides an update on the upcoming Mukuyu-2 appraisal campaign and planned infill seismic survey aimed at maturing multiple leads in the central fairway play to drill ready prospects. What do we expect IVZ to deliver? We are confident that the energy supply problems are structural and that any fall will be temporary BUT we will still carry this risk over into our next IVZ Investment Memo. To benefit from this content, plus our exclusive data archive, subscribe to the FT today. In hindsight we should have listed this as a potential risk to the drill program. Trade our derivatives market. Industry Insights. We want to see IVZ firm up its first drilling target across its basin margin fairway. Flow-rates will need to prove that any gas found can be economically produced. Big, basin opening, exploration wells like IVZs take a long time to prepare, but the share price usually runs up in the lead up to commencement of the drilling.